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Business owner? Here’s our top 5 things to spend money on

In this episode of The Australian Business Podcast, Jordan Kidis & Danil Goloubev talk about the top 5 things to spend money on in your business.

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In this episode of The Australian Business Podcast, Jordan Kidis & Danil Goloubev talk about the top 5 business purchases to spend money on in your business.

Why saving money isn’t everything

We’re huge fans of profit-filled businesses. Make it rain cash flow! Yummy-yummy cashflow!

And let’s get real: if your business ain’t got not profit, it’s just a ‘concept business’, right? It ain’t real, right?

Of course.


You should also be prepared to spend money where it makes financial sense.

‘No s#$t, Sherlock’

The thing is, we’ve often trained ourselves to avoid all kinds of spending, thinking that ‘less is more’.

It’s like the idea of a ‘guilty pleasure’ — which is silly when you think about it. You shouldn’t feel guilty about spending on things that make you happy… provided you have a plan and you’re emotionally in control!

Sometimes the best thing you can do for your business… IS SPEND!

Knowing this is a critical difference between a growth mindset and a fixed mindset. Being growth focused means you unlock more growth… provided you spend/invest wisely.

So where should you be spending?

Well, you’re in the right place.

Here are the top 5 things to spend money on in your business:

  1. Inventory, supplies tools or other assets
  2. Quality staff and training
  3. Marketing and advertising
  4. Technology and software
  5. Professional services

Send us your business questions for this weekend’s episode

Anyone can send us questions… that means you! Click here send Jordan, Danil and Owen a question to answer on air. Just select “The Australian Business Podcast” when prompted.

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Amazing deals go below 👇

✅ Grey Space Advisory – snag a $100 health check

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

 Rumble Coffee Roasters — our first partner!

Rumble Coffee Roasters is dedicated to helping you drink better coffee. Knock-out blends, world-class single origins, bold espressos and flavour-filled filter roasts. Rumble Coffee prides itself on personal relationships with producers and customers alike. 

They pay farmers fairly so that they can invest in their land, their employees and their communities. You can buy some beans to drink at home or in the office via Alternatively, if you’re a coffee shop owner — get in touch and discover better ways to serve your customers. Tell them Rask sent you. 

🏰 Rask – Get Owen’s best investing research

The Australian Business Podcast’s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.” 


The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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